Eric Balchunas reported over $12 billion in record inflows into leveraged long ETFs over the past two weeks as degens bought the dip, a pattern he described as typical for taking profits on rebounds.

According to @KobeissiLetter, communication services single stocks saw a record $2.2 billion of inflows last week after a $400 million inflow and a record $2.9 billion outflow in the prior weeks, source: @KobeissiLetter. The post highlights accelerating tech stock buying and sector rotation dynamics, while noting industrials were referenced but no figures were provided in the text snippet, source: @KobeissiLetter. No direct mention of cryptocurrency markets or digital assets was made in the source, source: @KobeissiLetter.

According to @KobeissiLetter, global equity ETFs saw a record $145 billion of inflows last week, with the US representing 54% ($78 billion), the second-largest weekly US inflow on record, led by the S&P 500 ETF VOO with $59 billion (source: @KobeissiLetter). Global long-only equity funds attracted a record $46 billion, pushing global equity ETFs on track for $1.4 trillion in total inflows this year, $200 billion more than last year, marking at least the 11th consecutive week of positive inflows (source: @KobeissiLetter). The source adds that investors are piling into global equities at a record pace, underscoring concentrated demand in broad US exposure via VOO (source: @KobeissiLetter).

According to @KobeissiLetter, the VanEck Semiconductor ETF SMH recorded a weekly inflow of $1.3 billion, surpassing its previous high of $1.2 billion from Q1 2022 and more than doubling this year's weekly average, source: The Kobeissi Letter on X, Nov 12, 2025. At the same time, the 3x leveraged Nasdaq 100 fund TQQQ saw $1.2 billion in net inflows, source: The Kobeissi Letter on X, Nov 12, 2025. US-listed ETFs took in $43.0 billion for the week, lifting year-to-date inflows to a record $1.14 trillion, source: The Kobeissi Letter on X, Nov 12, 2025. The source characterizes investor appetite for tech stocks as extremely strong, underscoring concentrated positioning in semiconductors and leveraged Nasdaq 100 exposure, source: The Kobeissi Letter on X, Nov 12, 2025.